Floor sweeping is the latest concept introduced in the world of NFTs. It is the latest trend on buying in masses. Basically, floor sweepers are subjected to FOMO, with everyone aiming for their assets to reach the ‘moon.’
Floor sweeping in NFT occurs when all the NFTs of a particular project are bought at the floor price. It is the minimum asking price at which the NFT can be sold. Buying in bulk can also result in floor sweeping.